Blackstone Invests $100M In Indian Tractor Maker

Law360, New York (October 9, 2012, 12:41 PM EDT) -- The Singapore investment unit of New York private equity giant Blackstone Group LP has agreed to buy a 12.5 percent stake in Indian tractor manufacturer International Tractors Ltd. for $100 million, Blackstone said Monday.

The private equity firm said that Blackstone Capital Partners (Singapore) VI would purchase the minority stake in International Tractors, a Hoshiarpur, India-based company that has a roughly 10 percent share of the Indian tractor manufacturing market. The company is betting on an increase in demand for farming machinery in India and International...
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